1980 Citroen 2 on 2040-cars

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Citro?n names new CEO in executive shuffle

Peugeot SA (otherwise known as PSA Peugeot Citroën) has been shaking things up in the top echelon of its executive ranks. It recently hired former Renault COO Carlos Tavares as its group chief executive and former Airbus chief Louis Gallois as chairman. Now it's announced two more top executive appointments.
First up is Linda Jackson, who steps into the role as CEO of the Citroën brand. Jackson had until now been managing director of Citroën in the UK and Ireland, a job she's held since 2010, and comes with over 35 years of experience in the industry. She replaces Fréderic Banzet who is taking up a new role in the Peugeot family's holding company FFP that controls, among other assets, 19 percent of PSA.
While Jackson will now be responsible for the Citroën brand itself, operation of the DS sub-brand is being handed to Yves Bonnefont, who is being promoted from his current position as group strategy director and deputy Citroën brand chief.

Stellantis says its 2021 performance has been better than expected

MILAN — Stellantis softened up investors ahead of its electrification strategy event on Thursday by flagging that 2021 got off to a better-than-expected start despite a chip shortage that has hit automakers worldwide. Stellantis, which was formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, faces an investor community keen to hear how it plans to come up with a range of electrified vehicles (EVs) to rival Tesla. At its "EV Day 2021" kicking off at 1230 GMT, Stellantis will disclose significant investments in electrification technology and connected software as it aims to be an industry frontrunner, it said in a statement. In April, Chief Executive Carlos Tavares said it would offer low-emission versions — either battery or hybrid electric — of almost all of its European models by 2025, and they should make up 70% of European sales and 35% of U.S. sales by 2030. Stellantis, the world's fourth-biggest automaker, has 14 brands in its stable, including Jeep, Ram, Opel, Fiat, Peugeot and Maserati.   Stellantis EV Day coverage: Dodge will launch the 'world's first electric muscle car' in 2024 Fully electric Ram 1500 will begin production in 2024 Jeep will have 4xe plug-in hybrid models across the lineup by 2025 Stellantis teases mystery electric Chrysler concept Stellantis previews 4 electric platforms: Here's how they'll be used Fiat says all Abarth models to be electric from 2024 Opel Manta E will be the electric revival of the classic German coupe Stellantis says its 2021 performance has been better than expected   At a similar EV strategy event last week, French rival Renault announced that 90% of its main brand models would be all-electric by 2030, whereas previously it had included hybrids in its target. Germany's Volkswagen, the world's second-biggest automaker after Toyota, expects all-electric vehicles to make up 55% of its total sales in Europe by 2030, and more than 70% of sales at its Volkswagen brand. Stellantis said its margins on adjusted operating profits in the first half of 2021 were expected to exceed an annual target of between 5.5% and 7.5%, despite production losses due to a global shortage of semiconductor supplies. Stellantis shares listed in Milan were down 2.6% at 0920 GMT, underperforming the broader European car index. Bestinver analyst Marco Opipari said Thursday's news was positive but that the stock was suffering from profit taking as it had moved up about 20% since the end of April.

Stellantis reveals Citroen e-C3, first of EVs on affordable platform to compete with influx from China

MEUDON, France — Citroen on Tuesday unveiled its new electric e-C3 SUV, a low-cost model starting at 23,300 euros ($24,540) aimed at taking on Chinese carmakers in the affordable electric vehicle market. The EV from Citroen, part of the Stellantis auto group, will be assembled in Slovakia and launch in the second quarter of 2024. It is the same size as the current C3 city car, but less rounded and slightly taller. Its price tag does not include state subsidies of up to 5,000 euros. "This is the most important launch for the Citroen brand in at least 10 years," Citroen General Manager Thierry Koskas told reporters. "This is a new way of breaking market conventions. A European electric car at 23,000 euros? There isn't one.” The average European electric city car costs around 30,000 euros. To go lower, Stellantis is reusing its simplified "Smart Car" platform used in India, which differs from the four EV platforms the group has under development. Stellantis said it plans to base seven models across its brands on this platform, likely including the next Fiat Panda. The EV also has a limited range of 320 km (199 miles) using cheaper LFP battery technology imported from China.  With 90% of its suppliers from low-cost countries, a reduced diversity and a cheaper battery technology from China, the Smart Car platform will allow Stellantis to cut the e-C3 price further to as low as 20.000 euros, for its shorter-range version, Citroen's head Thierry Koskas said on Tuesday.  The basic trim, which could qualify for the French government's 100-euro-per-month "social leasing" affordable EV program, lacks an infotainmeant screen but still allows a mobile phone to be connected. Citroen's Koskas said the carmaker had no desire to make the new C3 a "technological Christmas tree" but had not skimped on what mattered. "It has comfort attributes and electrical attributes that are at the best level,” he said. The EV, for instance, includes the soft suspension that Citroen has usually reserved for larger models. Europe is bracing for an influx of lower-cost Chinese EVs, so Citroen has plans to go further. The brand plans a cheaper electric C3 at the beginning of 2025 – starting at 20,000 euros – with a reduced range of 200 km, Koskas said. Citroen's C3 last year accounted for 11% of the city car market in Europe. Since the first generation of the model in 2002, more than 5.6 million have sold.